Best Buy (BBY) Sales Trends Encouraging - Cleveland
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Price: $85.89 +0.19%
Rating Summary:
7 Buy, 25 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
7 Buy, 25 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Best Buy (NYSE: BBY) sales trends in the first half of Q3 showed encouraging improvement, especially compared to the rest of retail, noted Cleveland Research analyst Daryl Boehringer. He sees improved market share in key categories as the company benefits from store re-designs.
Cleveland raised comp sales estimates to 2.5% from 1%. Its Q3 EPS estimate was boosted to $0.17 from $0.12.
Cleveland Research has a Neutral rating on Best Buy.
For an analyst ratings summary and ratings history on Best Buy (NYSE: BBY)click here. For more ratings news on Best Buy click here.
Shares of Best Buy closed at $39.61 yesterday.
Cleveland raised comp sales estimates to 2.5% from 1%. Its Q3 EPS estimate was boosted to $0.17 from $0.12.
Cleveland Research has a Neutral rating on Best Buy.
For an analyst ratings summary and ratings history on Best Buy (NYSE: BBY)click here. For more ratings news on Best Buy click here.
Shares of Best Buy closed at $39.61 yesterday.
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